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Fiorina Got $2.9 Million Bonus in 2002

Updated Feb. 28, 2003 12:01 a.m. ET

Hewlett-Packard Co. awarded chief executive Carly Fiorina a bonus of $2.9 million and options on 850,000 shares on top of her annual $1 million salary in 2002, the year H-P closed its $19 billion acquisition of Compaq Computer Corp., according to the company's proxy statement. The payout was one of the largest Ms. Fiorina has received since the start of her tenure at the Palo Alto, Calif., technology company in 1999. In 2001, Ms. Fiorina received options on one million shares but no bonus in addition to her $1 million salary. H-P's proxy statement also disclosed details of the severance package for Michael Capellas, formerly...